Week 11 Managerial Communication
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This document provides information for a Week 11 class on current issues in managerial communication. It includes details about the tutor, Nathan Eva, and three discussion topics: 1) the legal requirement for corporations to disclose financial information to investors and the advantages and disadvantages of this; 2) the illegal actions of Enron executives who falsified financial records to hide the company's poor financial situation; 3) the appropriate and inappropriate uses of technology by businesses today, including using social media for recruitment and the phone hacking scandal at News of the World. The document concludes by noting that next week's class will involve revision and students should come prepared.
Week 11 Managerial Communication
- 1. MGF1100: Managerial Communication Week 11: Current Issues in Managerial Communication www.monash.edu.au
- 2. Your Tutor (me) Nathan Eva – nathan.eva@monash.edu – 9903 4065 – Building N Level 5 Room 14 – www.slideshare.net/nathaneva www.monash.edu.au 2
- 3. In Groups of 4 By law, corporations must disclose (reveal) financial information to the public, so the public and its investors can make sound financial decisions for themselves. This poses an advantage and disadvantage for corporations. If the company is doing well financially, then they will be in greater demand for investors to take a risk in their company. If the company is doing poor, financially, then they will lose out to competitors and be in less demand for investors to take a risk. Enron, an energy distributing company was in a partnership with Arthur Anderson, an accounting firm. Arthur Anderson was responsible for auditing the financial books of Enron. Which means to examine, inspect, and report proper financial information to the public and Enron’s investors. Executives from both businesses secretly knew that Enron was in financial disaster and changed the numbers around in the financial books to show that the company was doing quite well. They shredded documents to hide the fact that Enron was in financial trouble. Enron executives later told their employees through emails that the company is growing and in good financial status. Enron employees were encouraged to invest in the company through their 401K, a retirement account. Several months later, Enron filed for bankruptcy and their stock price fell from $65 a share to $0.60 a share. Was this action ethical or illegal? www.monash.edu.au 3
- 4. In Groups of 4 What is your opinion on the use of technology in businesses today? Discuss the use of LinkedIN, Facebook, and Twitter etc by businesses today in their recruitment and selection process. Comment on the negative use of technology for example the phone-hacking scandal of Rupert Murdoch’s News of the World, in which the paper’s reporters invaded the voice mails—and the privacy—of hundreds, possibly thousands, of people. www.monash.edu.au 4
- 5. Next Week • Revision • Be prepared www.monash.edu.au 5